YMI
Long

XRP Medium Analysis

BITFINEX:XRPUSD   XRP / U.S. Dollar
After a volatile lower wick tapping the $.29 support zone yesterday, XRP was bought back up into the $.32 consolidation zone. This gives me a more bullish bias in the next few(2-4) weeks, if we are to see a break and daily closure above the $.325 resistance. If that occurs XRP would continue into the $.35 weekly resistance level with a possibility of the $.385 monthly resistance being reached sooner after. But as long as we continue consolidating above the $.29 weekly support level I believe we are accumulating for a leg higher.
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